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Commerce Bank Offers Works Card Manager to Commercial Credit Card Clients

Posted on: Thursday, 30 June 2005, 18:00 CDT

AUSTIN, Texas, June 30 /PRNewswire/ -- Commerce Bank has expanded its relationship with Works, Inc., a leading provider of electronic payment solutions, to offer Works Card Manager to its commercial clients to more effectively manage its Commerce Bank Visa(R) and MasterCard(R) purchasing card programs.

Works Card Manager, a streamlined version of Works Payment Manager, is a Web-based application that connects to the global Visa and MasterCard networks and allows Commerce Bank commercial and government clients to automate manual payment policies and procedures and administer commercial card programs online. Card Manager enhances Commerce Bank's product offering, giving Commerce Bank customers added technology capabilities to manage and optimize their programs, as well as a seamless upgrade path to Works Payment Manager.

"Works Payment Manager has proven itself to be a compelling card management and optimization solution for our customers that need a full-featured application to support their program objectives," said Jeff Burik, senior vice president, Commerce Bank. "Adding Works Card Manager to our portfolio of management tools will give Commerce Bank clients the ability to leverage Works' technology to increase their purchasing volumes while significantly improving process efficiencies."

Works Card Manager gives clients a feature-rich, online card management application that is easy-to-deploy and easy-to-use. It provides a real-time view of organizational spending as it occurs, improving planning and decision-making. In addition, Card Manager also offers back-office reconciliation efficiencies that improve the speed and accuracy of credit card transaction allocation.

"Commerce Bank has been an outstanding partner to work with, and the expansion of our relationship demonstrates the excellent fit Works technology has with their commercial credit card programs," said Duncan Van Dusen, Vice President, Sales & Marketing for Works, Inc. "We are looking forward to seeing more Commerce Bank customers leveraging both Payment Manager and now Card Manager to make commercial credit cards their preferred payment method."

Both Works Card Manager and Works Payment Manager are developed by Austin, Texas-based Works, Inc., and are delivered to clients through a partnership with member financial institutions. Additional information on Commerce Bank's purchasing card program is available at http://www.commercebank.com/ .

About Works

Works, Inc. is a leading provider of commercial credit card management and optimization technology and services, helping organizations realize the full potential of their commercial card programs. Works partners with leading credit card issuers to link payment management automation with the Visa and MasterCard global credit card networks, allowing customers in business, government, and higher education to use commercial cards as their payment method of choice. Works is a privately held company headquartered in Austin, Texas.

About Commerce Bank

Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc. , a $14.1 billion regional bank holding company. For more than 139 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its affiliated companies. Commerce currently operates in approximately 330 locations in Missouri, Illinois and Kansas. Commerce also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities. http://www.commercebank.com/

Works, Inc.

CONTACT: Jeff Pauly of Works, Inc., +1-512-685-8834

Web site: http://www.works.com/http://www.commercebank.com/

Source: PRNewswire

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